Purwokerto, Indonesia – Almir Colan, Director of the Australian Centre for Islamic Finance (AUSCIF), took the stage at the 1st International Conference on Islamic Economics and Banking, Zakat-Wakaf (IEBZAWA 2023) to discuss “The growth of Islamic finance and Halal Industry in the world.” Colan emphasized the global expansion of Islamic finance and its significant impact on the Halal industry, highlighting its role in shaping the global economy.
Following Colan, Prof. Dr. Muhammad Hakimi Mohd Shafiai from Universiti Kebangsaan Malaysia delivered a thought-provoking presentation on “Islamic Economics and Banking as Modern Islamic Civilization (Evidence from Malaysia).” Prof. Shafiai’s presentation shed light on Malaysia’s experience in integrating Islamic financial principles into its economic system, showcasing how Islamic economics and banking can contribute to the development of a modern Islamic civilization.
Lastly, Dr. H. Jamal Abdul Aziz, M.Ag. from Universitas Islam Negeri Prof. KH. Saifuddin Zuhri Purwokerto, Indonesia, discussed “Islamic contracts in Islamic finance as Modern Islamic Civilization,” highlighting the importance of ethical and Sharia-compliant contracts in Islamic finance. Dr. Aziz emphasized the role of Islamic contracts in promoting fairness and justice in economic transactions, thus contributing to the advancement of modern Islamic civilization.
The conference, attended by representatives from 21 Islamic universities in Indonesia, provided a platform for scholars, researchers, and practitioners to exchange ideas and insights on Islamic economics, banking, and finance. The presentations by Almir Colan, Prof. Dr. Muhammad Hakimi Mohd Shafiai, and Dr. H. Jamal Abdul Aziz offered valuable perspectives on the growth and impact of Islamic finance, demonstrating its potential to shape a modern Islamic civilization.